29 Aug 2016, 12:30 pm
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Britain's vote to leave the European Union was responsible for much of the loss, as it triggered a rise in the yen against the dollar and hit world stock markets, GPIF president Norihiro Takahashi said in a statement (link in Japanese).
US unemployment data also affected the markets when it was much worse than expected in May, he said.
GPIF had a negative return of 3.88% in the quarter, which represents its seventh worst since it began managing its assets in 2001, spokesman Shinichiro Mori told a news conference, according to Reuters.
The fund's Japanese bond portfolio was the only one with a positive return, at 1.91%. The stock portfolio made a negative 7.38% return, GPIF said.
